Part 4/14:
Market analysts rely on technical tools like moving averages, Fibonacci retracement levels, and market cap thresholds to predict possible resistance zones. For instance, the all-time moving average—the cumulative average of Bitcoin’s entire price history—serves as an upper bound for potential price targets. Currently, projections suggest the price could soar beyond $300,000 if momentum sustains, but models also warn of potential pullbacks.
An interesting concept discussed involves psychological resistance levels, such as $10,000, $50,000, and $100,000. These levels tend to have a psychological impact on traders, often resulting in consolidation or resistance as market participants see them as milestones—either as points to take profits or to hesitate before pushing higher.